• 1Q25 production and net cash at the end of March had been previously announced.
• PetroTal maintains a solid financial position with US$116.6 mm in cash. Additionally, the company has secured a term loan with a syndicate of Peruvian banks, with commitments of up to US$65 mm to finance the erosion project at Bretana. The interest rate is 8.65%; which compares favourably with other credit options available to the company. The loan terms do not impose any material restrictions on PetroTal’s abili ....

12 May 2025
PetroTal Corp (AIM: PTAL): Good balance sheet. Flexible capex

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PetroTal Corp (AIM: PTAL): Good balance sheet. Flexible capex
• 1Q25 production and net cash at the end of March had been previously announced.
• PetroTal maintains a solid financial position with US$116.6 mm in cash. Additionally, the company has secured a term loan with a syndicate of Peruvian banks, with commitments of up to US$65 mm to finance the erosion project at Bretana. The interest rate is 8.65%; which compares favourably with other credit options available to the company. The loan terms do not impose any material restrictions on PetroTal’s abili ....